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Matthew Vaughn was shocked to learn early last year that Lions Gate Entertainment Corp., the domestic distributor of his 2010 superhero movie "Kick-Ass," wasn't interested in a sequel. The quirky, R-rated "Kick-Ass" had grossed $101 million worldwide and developed a cult following that led to a strong performance in the home entertainment market. Vaughn, who independently financed the $28-million project, expected that the Santa Monica studio, which had a first right of refusal on the domestic rights, would be on board for a chance to build a franchise. He planned to make the second movie for the same price as the first — penny-pinching that is rare in...

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Matthew Vaughn was shocked to learn early last year that Lions Gate Entertainment Corp., the domestic distributor of his 2010 superhero movie "Kick-Ass," wasn't interested in a sequel.
The quirky, R-rated "Kick-Ass" had grossed $101...

Eugenio Derbez is scared. Very scared. You can see it in his eyes. You can hear it in the edge of nervous excitement that creeps into his voice as he slides into a seat at the Urth Caffé in downtown Los Angeles.
"I didn't expect this,"...

MGM Holdings Inc., the parent of Metro-Goldwyn-Mayer Inc., has authorized a $75-million stock repurchase plan and announced a dividend designed to protect the company from a hostile takeover.
Privately held MGM said the move was not being adopted in...

Young adult movies are the ticket for Lions Gate Entertainment Corp., maker of the “Twilight” and “Hunger Games” sagas.
Movies based on teen-oriented books helped the company swing to profit in its fiscal fourth quarter and it’s looking ahead to...

Lions Gate Entertainment Corp. reported a profit of $505,000 for the fiscal quarter ending Sept. 30 -- a significant decline from the same quarter a year earlier, when the studio made $75.5 million.
Revenue was $498.7 million, down 29% from $707...

Brad Pitt's film company, Plan B Entertainment, has signed a production deal with New Regency and RatPac Entertainment -- an arrangement that precipitates his company's departure from Paramount Pictures at the end of the year.
The pact takes one...

The impending departure of Brad Pitt's Plan B Entertainment from Paramount Pictures would seem like a blow to the Hollywood studio, which is suffering from a perception problem.
The studio is making fewer films these days, and enjoying smaller market...